German Manufacturing PMI rose 52.9, from 52.6 in the previous month, the indicator was expected to remain unchanged 52.6 as last month…
German Unemployment Change fell -13K, from -7K in the previous month, the indicator was expected to fall to -5K in the last month…
Market impact: This development should keep the short-term recovery intact, resistance comes at the 1.0603 levels, a break would open 1.0637 next, further upside resistance comes at the 1.0688 levels. On the downside, support come sat the 1.0560 levels, a cut through the 1.0560 levels will terminate the recovery mode and restore the downside momentum and open the 1.0500/1.0450 levels…
